Homes for sale - 31 8TH, Lebanon, PA 17046 – MLS#PALN2017714

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Divine Fog Realty Capital Area

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$ 1,300,000

Est. payment | -/mo

33,000 SqFt

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$ 1,300,000

Est. payment | -/mo

Save Virtual Tour

33,000 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 33,000 sqft

Price per Sqft $39

MLS Listing ID PALN2017714

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $33,824

Tax Year 2024

Lot Size 0.300 Acres

Acres 0.3

Property Description

Public Auction held on site Monday, December 30, 2024 @ 12 noon - Successful bidder required a 10% non refundable deposit - Settlement within 60 days - List price does not reflect final sales price * Lebanon Farmers Market with approximately 33,000 SF. This outstanding local landmark features a 1st floor market w/22 stands & currently 21 are occupied by vendors. The market is open Thursday-Saturday. 2nd floor consists of a mezzanine with a dining area overlooking the market. Also has 6 stands with 4 occupied. 3rd floor is a state of the art, fully equipped restaurant w/seating for 190 guests. Highlighted by a large & beautiful antique back bar. Also has an event center w/120 person capacity. Attic is equipped with a sprinkler system but has been been developed. The basement is finished with offices, closets & lunchroom. Note: This outstanding historical downtown Lebanon building was completely renovated by a local visionary in 2006. A 6.5 million dollar investment in renovation, outstanding design & mechanicals will be to your benefit. Property is currently netting 160K annually. Sellers have enjoyed their ownership, but have another opportunity & are very motivated to sell. Believe the new owner can take this income producing property to the next level.

Location

State PA

County Lebanon

Area Lebanon City (13201)

Zoning CBD

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Concrete

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Metal,Rubber

Accessibility Elevator

Garage N

Building

Lot Description Level

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Lebanon

Others

Tax ID 01-2337876-368934-0000

Ownership Fee Simple

SqFt Source Estimated

Security Features Fire Detection System,Security System,Sprinkler System - Indoor

Special Listing Condition Auction

Listed by Keith Snyder • Kingsway Realty - Ephrata

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "